Stock ends week positive on rising participation
BSS
Stock market ended week positive yesterday after showing moderate volatility in most of the trading sessions. The benchmark price index of the Dhaka Stock Exchange (DSE) experienced moon ride through the week on choppy trading, reports BSS.
The DSEX finally closed the week flat and in the green area while the two other indices ended in red zone though the fall was minimal. The closed position of DSEX was at 4760.14, DS30 at 1814.59 and for DSES at 1167.66.
Buying interest sparked in the last moment of the session, closing the benchmark index meagerly up by 1.7 points. Investors became vigilant following the substantial volatility seen in this week, said Lanka Bangla Securities Limited.
Compared to the last weeks closing, DSEX ended in red zone due to selling spree in last half of the week. The fall in the broader index attributed to the price fall in some heavyweights including GP, Squire Pharma and Lafarge Cement when the issues were down by 3.1 per cent, 1.7 per cent and 5.0 per cent respectively. On the contrary, pharmaceuticals, fuel and power and engineering stocks were the market mover of this week.
The major gaining sectors were tannery (4.04 per cent), engineering (1.12 per cent) and textile (0.52 per cent) when the major losing sectors were
telecommunication (-3.01 per cent), NBFI (-0.89 per cent) and fuel and power (-0.57 per cent).
The weeks top gaining companies were Aramit Cement (25.6 per cent), BD Autocar (25.4 per cent) and Imam Button (24.5 per cent). The major losing companies were Jute Spinning (-12.8 per cent), Gemini Sea Food (-10.6 per cent) and Reliance Insurance (-10.3 per cent).
On the last day of the week, daily trade value was 7.83 per cent up at Tk 448 crore, but the trade volume was 5.03 per cent down at 11.93 crore shares.
Among the major sectors bank and pharmaceuticals increased 0.06 per cent and 0.68 per cent respectively while food and allied, telecom and fuel and power incurred 0.27 per cent and 0.25 per cent loss accordingly.
Squire Pharma was the market leader followed by GP, Aman Feed, United Air, Emerald Oil and Lanka Bangla Finance.
Out of the traded 320 issues, 127 securities gained yesterday when 136 declined and 57 remained unchanged.
Like DSE, Chittagong Stock Exchange (CSE) also closed the week positive, with its CSCX regaining marginally to 8869.87.
Out of the traded 256 securities, 96 closed higher, 118 lower and 42 unchanged. The daily transaction fell to 88.52 lakh shares worth Tk 31.01 crore shares.
